Glen Eddy Inc
Glen Eddy Inc. maintains operational stability but carries significant liabilities relative to assets.
EIN: 141794150 · Niskayuna, NY · NTEE: P75 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.8M |
| Total Expenses | $7.7M |
| Program Spending | 85% |
| Net Assets | $-6,717,903 |
| Transparency Score | 75/100 |
Is Glen Eddy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glen Eddy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glen Eddy Inc
Glen Eddy Inc (EIN: 141794150) is a nonprofit organization based in Niskayuna, NY, classified under NTEE code P75. The organization reported total revenue of $7.8M and total assets of $19.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glen Eddy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glen Eddy Inc is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.3M |
| Total Expenses | $7.7M |
| Surplus / Deficit | $-403,481 |
| Total Assets | $16.6M |
| Total Liabilities | $23.4M |
| Net Assets | $-6,717,903 |
| Operating Margin | -5.5% |
| Debt-to-Asset Ratio | 140.4% |
| Months of Reserves | 26.0 months |
Financial Health Grade: C
In 2023, Glen Eddy Inc reported a deficit of $403K with expenses exceeding revenue, holds 26.0 months of operating reserves (strong position), has a debt-to-asset ratio of 140.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Glen Eddy Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.6% | +1.9% | -9.0% |
| 2022 | +5.0% | +5.5% | -5.3% |
| 2021 | -1.1% | -1.3% | +4.0% |
| 2020 | -0.5% | +1.5% | +3.5% |
| 2019 | -3.9% | +1.2% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Glen Eddy Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Glen Eddy Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $403K, with expenses exceeding revenue.
- Debt-to-asset ratio: 140.4%.
Executive Compensation Analysis
Glen Eddy Inc. consistently reports 0% officer compensation across all available filings, suggesting either a highly efficient volunteer-led executive structure or that executive compensation is managed and reported through a related entity, which would require further investigation to fully assess.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Glen Eddy Inc's IRS 990 filings:
- Consistent negative net assets (liabilities significantly exceed assets, e.g., $23,356,801 liabilities vs. $16,638,898 assets in 202306)
- Potential for executive compensation to be paid through a related entity, given 0% reported officer compensation across all filings.
Strengths
The following positive indicators were identified for Glen Eddy Inc:
- Consistent operational surplus (revenue generally exceeds expenses, e.g., $7,800,272 revenue vs. $7,550,811 expenses in 202206)
- Stable revenue generation over the past decade, indicating consistent demand for services.
- No reported officer compensation on 990s, suggesting transparency or alternative compensation structures.
Frequently Asked Questions about Glen Eddy Inc
Is Glen Eddy Inc a legitimate charity?
Glen Eddy Inc (EIN: 141794150) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.8M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Glen Eddy Inc spend its money?
Glen Eddy Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Glen Eddy Inc tax-deductible?
Glen Eddy Inc is registered as a tax-exempt nonprofit (EIN: 141794150). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Glen Eddy Inc's spending goes to programs?
Glen Eddy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Glen Eddy Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Glen Eddy Inc is above average for NTEE category P75 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Glen Eddy Inc located?
Glen Eddy Inc is headquartered in Niskayuna, New York and files with the IRS under EIN 141794150. It is classified under NTEE code P75.
How many years of IRS 990 filings does Glen Eddy Inc have?
Glen Eddy Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.8M in total revenue.
Is Glen Eddy Inc. a good charity?
Glen Eddy Inc. appears to be a stable organization operationally, consistently generating more revenue than expenses. However, its high liabilities relative to assets (e.g., $23,356,801 in liabilities vs. $16,638,898 in assets in 202306) suggest a need for deeper analysis into its long-term financial structure. The lack of reported officer compensation is a positive for transparency, assuming it's not being paid through a related organization.
Why are liabilities consistently higher than assets?
The consistent trend of liabilities exceeding assets (e.g., $23,356,801 in liabilities vs. $16,638,898 in assets in 202306) could indicate significant long-term debt, such as mortgages for facilities, or other long-term obligations. This structure warrants further investigation into the nature of these liabilities and the organization's ability to service them.
How does Glen Eddy Inc. fund its operations?
Glen Eddy Inc. primarily funds its operations through its revenue, which has consistently exceeded expenses over the past decade. For example, in 202206, revenue was $7,800,272 against expenses of $7,550,811. Given its NTEE code P75 (Nursing Homes, Convalescent Homes), this revenue likely comes from resident fees and related services.
What is the trend in the organization's net assets?
The organization's net assets (Assets - Liabilities) have been consistently negative over the past decade. For instance, in 202306, net assets were -$6,717,903 ($16,638,898 - $23,356,801). While the absolute value of negative net assets has fluctuated, it indicates a long-term structural financial position where liabilities exceed assets.
Filing History
IRS 990 filing history for Glen Eddy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glen Eddy Inc's revenue has grown by 13.1%, moving from $6.4M to $7.3M. Total assets decreased by 3.7% over the same period, from $17.3M to $16.6M. Total functional expenses rose by 19%, from $6.5M to $7.7M. In its most recent filing year (2023), Glen Eddy Inc reported a deficit of $403K, with expenses exceeding revenue. The organization holds $23.4M in liabilities against $16.6M in assets (debt-to-asset ratio: 140.4%), resulting in net assets of $-6,717,903.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.3M | $7.7M | $16.6M | $23.4M | — | — |
| 2022 | $7.8M | $7.6M | $18.3M | $24.6M | — | View 990 |
| 2021 | $7.4M | $7.2M | $19.3M | $25.2M | — | — |
| 2020 | $7.5M | $7.3M | $18.6M | $25.2M | — | View 990 |
| 2019 | $7.5M | $7.1M | $17.9M | $24.6M | — | View 990 |
| 2018 | $7.9M | $7.1M | $18.4M | $25.5M | — | View 990 |
| 2017 | $7.3M | $6.9M | $18.5M | $26.3M | — | View 990 |
| 2016 | $7.4M | $6.7M | $19.1M | $27.6M | — | View 990 |
| 2015 | $7.3M | $6.5M | $19.0M | $28.0M | — | View 990 |
| 2014 | $6.9M | $6.7M | $17.7M | $27.4M | — | View 990 |
| 2013 | $3.2M | $3.3M | $17.6M | $26.9M | — | View 990 |
| 2012 | $6.5M | $6.5M | $17.0M | $26.3M | — | View 990 |
| 2011 | $6.4M | $6.5M | $17.3M | $26.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.3M, expenses of $7.7M, and assets of $16.6M (revenue -6.6% year-over-year).
- 2022: Revenue of $7.8M, expenses of $7.6M, and assets of $18.3M (revenue +5.0% year-over-year).
- 2021: Revenue of $7.4M, expenses of $7.2M, and assets of $19.3M (revenue -1.1% year-over-year).
- 2020: Revenue of $7.5M, expenses of $7.3M, and assets of $18.6M (revenue -0.5% year-over-year).
- 2019: Revenue of $7.5M, expenses of $7.1M, and assets of $17.9M (revenue -3.9% year-over-year).
- 2018: Revenue of $7.9M, expenses of $7.1M, and assets of $18.4M (revenue +7.9% year-over-year).
- 2017: Revenue of $7.3M, expenses of $6.9M, and assets of $18.5M (revenue -1.3% year-over-year).
- 2016: Revenue of $7.4M, expenses of $6.7M, and assets of $19.1M (revenue +1.1% year-over-year).
- 2015: Revenue of $7.3M, expenses of $6.5M, and assets of $19.0M (revenue +6.0% year-over-year).
- 2014: Revenue of $6.9M, expenses of $6.7M, and assets of $17.7M (revenue +116.4% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.3M, and assets of $17.6M (revenue -50.7% year-over-year).
- 2012: Revenue of $6.5M, expenses of $6.5M, and assets of $17.0M (revenue +0.1% year-over-year).
- 2011: Revenue of $6.4M, expenses of $6.5M, and assets of $17.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glen Eddy Inc:
Data Sources and Methodology
This transparency report for Glen Eddy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.